This week, the phthalic anhydride market fluctuated and fell

According to the Commodity Market Analysis System of Shengyi Society, as of October 25th, the price of phthalic anhydride produced by phthalic anhydride was 7175 yuan/ton, a decrease of 1.54% from the price of 7287.50 yuan/ton on October 18th; Compared to October 1st, the price of phthalic anhydride at 7200 yuan/ton first rose and then fell, with a decrease of 0.35%. This week, the production of phthalic anhydride equipment has been stable, and the supply of phthalic anhydride is sufficient. However, the actual transactions in the phthalic anhydride market are limited, resulting in oversupply and significant downward pressure on phthalic anhydride prices. This week, the domestic price of ortho phthalic anhydride is 6900-7200 yuan/ton, while the price of industrial naphthalene is stabilizing. The cost of naphthalene phthalic anhydride has decreased, and the domestic price of naphthalene phthalic anhydride is 6700-7000 yuan/ton. The price of ortho benzene is temporarily stable, the cost of ortho phthalic anhydride is stabilizing, the price of industrial naphthalene is temporarily stable, and the cost support of naphthalene phthalic anhydride still exists. The overall price of phthalic anhydride has fluctuated and fallen.

Supply side: Adequate supply of goods

This week, the operating load of domestic phthalic anhydride plants has increased. 80% of the phthalic anhydride equipment in Tongling, Anhui has started construction; The 100000 ton phthalic anhydride plant of Xinyang Group is operating normally, and the phthalic anhydride equipment of Shandong Hongxin is starting up normally; Panjin Ruide Chemical’s phthalic anhydride equipment is operating at 80% load, while Shijiazhuang Bailong Chemical’s phthalic anhydride equipment is operating normally. Phthalic anhydride manufacturers have stable sources of goods and sufficient supply of phthalic anhydride.

The cost of raw material ortho benzene is temporarily stable

According to the Commodity Market Analysis System of Shengyi Society, as of October 25th, the price of ortho benzene was 7100 yuan/ton, which is temporarily stable compared to the price of ortho benzene of 7100 yuan/ton on October 1st. The price of ortho benzene is temporarily stable, the cost of ortho phthalic anhydride is stable, and the downward pressure on ortho phthalic anhydride is weak.

Demand side: The DOP market has fluctuated and stabilized this week

According to the Commodity Market Analysis System of Shengyi Society, as of October 25th, the price of plasticizer DOP was 9226.25 yuan/ton, which fluctuated and increased by 0.14% compared to the DOP price of 9213.75 yuan/ton on October 18th last weekend; Compared to October 1st, the DOP price of 8988.75 yuan/ton first rose and then fell, with a 2.64% increase. The price of isooctanol is fluctuating and stabilizing, DOP costs are temporarily stable, DOP manufacturers have orders for sales, downstream demand and procurement are generally active, DOP manufacturers have stable high production levels, DOP supply is sufficient, supply and demand are relatively balanced, and the price of plasticizer DOP is fluctuating and stabilizing. Downstream demand is relatively stable, and phthalic anhydride is in urgent need of procurement. The enthusiasm for phthalic anhydride transactions is average.

Future forecast

According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of cost, the price of ortho xylene is temporarily stable, while the cost of phthalic anhydride is stabilizing; In terms of supply, phthalic anhydride manufacturers are operating at high loads, and the supply of phthalic anhydride is sufficient; In terms of demand, DOP manufacturers have stable production and phthalic anhydride is urgently needed for procurement. The expected increase in supply is greater than the increase in demand, and it is expected that the market for phthalic anhydride will fluctuate and decline in the future.